NEW YORK, NY -- (Marketwired) -- 06/24/13 -- COREwafer Industries, Inc., (PINKSHEETS: WAFR) the company that creates proprietary software, software algorithms, and hardware that is used in the testing and data mining of the most commonly used computer hard drives, memory, and magnetics, today announced an action that will fuel the firm's continued growth and development.
Effective June 21st, 2013, Cyril Moreau, a seasoned international executive, will serve as group CEO and President of COREwafer Industries, Inc. He will lead COREwafer Industries' operations and take a seat on the company's board of directors.
"Cyril's hiring will launch a new era. We have ambitious plans under way on several fronts, and now we have bolstered our resources and leadership expertise, better preparing us to enter into this new development/expansion phase and move even more deeply into the semi-conductors and software sectors. We want to thank Gary Polistena for his professionalism and dedication for the last 2 years," says Teresa McWilliams, Chief Financial Officer and member of the COREwafer Industries board of directors.
Cyril Moreau to Serve as Group CEO and President
Cyril Moreau has served as Senior Vice President and Senior Director for several highly successful software companies for the last 15 years. His track record in building high-growth software companies encompasses all aspects of leading, building, growing, funding, and managing. His leadership helped each of those companies grow exponentially. At COREwafer Industries, Cyril Moreau will take the company's proven software and traction to scale.
Says Cyril Moreau about his new position, "I'm excited to be leading COREwafer Industries -- a growing software company. Armed with a leading and unique solution in this sector, COREwafer Industries is very well positioned and we see great potential for accelerating growth."
Teresa McWilliams Chief Financial Officer, COREwafer Industries, Inc. has been confirmed in her position and her contract extended by the Board of Directors.
About COREwafer Industries
COREWAFER INDUSTRIES, INC. (WAFR) is a holding company headquartered in New York, NY, that currently oversees and manages two subsidiary companies across various industries. The goal of WAFR is to strategically acquire businesses with strong growth potential and a solid business plan in various industries including consumer goods, software and technology, and telecom.
CORE WAFER SYSTEMS, INC. (CWS), the wholly owned subsidiary of COREwafer Industries, Inc. (WAFR), creates proprietary software, software algorithms, and hardware that is used in the testing and data mining of the most commonly used computer hard drives, memory, and magnetics; as well as other advanced magnetics, semiconductor and nanotechnology-based device components. Core Wafer technology is capable of performing in-parallel measurements allowing customers to test components many times faster than a non-parallel process. CWS has an install base of over 800 clients and 1,500 installed systems on HP, Keithley, and Agilent Test hardware. For more information, visit www.corewaferindustries.com.
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